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• Health insurance premiums are calculated using many rating factors. Rating factors have much more influence on individual policy premiums than on group polices. Rating factors can include:

  1. Age: the older you are, the more you might pay.
  2. Health: the poorer your health, the more you might pay.
  3. Chronic conditions: having one or more chronic or existing conditions can increase your premium.
  4. Smoking/alcohol use: some companies charge more if you use tobacco or alcohol.
  5. Gender: some insurance plans charge more depending upon your gender.
  6. Geographic region: companies break-down coverage areas into 6-8 regions. Which region you live in can affect your premium.
  California Department of Insurance - Cite This Source - This Definition
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  Cite Definition for Rating Factors

  American Psychological Association (APA)

  Rating Factors. (n.d.). Glossary of Health Insurance Terms. Retrieved June 8, 2023, from website: http://www.expertglossary.com/definition/rating-factors.

  Chicago Manual of Style (CMS)

  Rating Factors. www.insurance.ca.gov. Glossary of Health Insurance Terms. California Department of Insurance. http://www.expertglossary.com/definition/rating-factors (accessed: June 8, 2023).

  Modern Language Association (MLA)

  "Rating Factors." Glossary of Health Insurance Terms. California Department of Insurance. 8 June. 2023 http://www.expertglossary.com/definition/rating-factors.

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